# Adnoc and OMV to merge Borealis and Borouge

Abu Dhabi National Oil Co. (Adnoc) and Austria's OMV are expected to complete the merger of their jointly owned petrochemical players Borealis and Borouge in February, creating an estimated $30 billion polyolefins industry giant.

- Type: Acquisition
- Announced: 2025-01-30
- Where: Canada
- Value: $30.0B
- Status: announced
- Products: polyolefins
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [OMV S.p.A.](https://endata.com/companies/1004.md)
- [Abu Dhabi National Oil Company](https://endata.com/companies/5511.md)
- [Borealis](https://endata.com/companies/242.md) (target)
- [OMV S.p.A.](https://endata.com/companies/1004.md) (acquirer)
- [ADNOC](https://endata.com/companies/2481.md) (acquirer)
- [ADNOC](https://endata.com/companies/2481.md) (partner)
- [NOVA Chemicals](https://endata.com/companies/2940.md) (target)
- [Mubadala Investment Company](https://endata.com/companies/5162.md) (investor)
- [Abu Dhabi National Oil Company](https://endata.com/companies/5511.md) (acquirer)
- [Borouge](https://endata.com/companies/8678.md) (target)
- [Mubadala](https://endata.com/companies/36332.md) (investor)

## Sources

- [energyintel.com](https://www.energyintel.com/00000194-b79f-d928-a9dd-f7bf391f0000), 2025-01-30: "Abu Dhabi National Oil Co. (Adnoc) and Austria's OMV are expected to complete the merger of their jointly owned petrochemical players Borealis and Borouge in February, creating an estimated $30 billion polyolefins industry giant."
- [omv.com](https://www.omv.com/en/media/press-releases/2025/250131-ad-hoc-omv-and-adnoc-contemplate-an-inclusion-of-nova-chemicals-as-part-of-their-potential-polyolefins-cooperation), 2025-01-31: "OMV and ADNOC contemplate, subject to respective agreements with Mubadala, a possible acquisition of Nova Chemicals (by the future potential joint venture company as a first growth opportunity) as part of OMV's and ADNOC's negotiations on a potential cooperation with respect to their polyolefins bus"
- [reuters.com](https://www.reuters.com/markets/deals/austrias-omv-adnoc-mull-acquiring-nova-chemicals-2025-01-31/), 2025-01-31: "ADNOC and OMV have been in talks since 2023 about a merger of Borouge and Borealis, which would"
- [bloomberg.com](https://www.bloomberg.com/news/articles/2025-02-02/uae-s-adnoc-aims-to-buy-nova-chemicals-roll-into-deal-with-omv), 2025-02-02: "The government-owned company in the United Arab Emirates and the Austrian energy producer are in 'constructive and positive' talks about a merger of two chemical units."
- [energyintel.com](https://www.energyintel.com/00000195-60fe-df2c-a9f5-6dff9e770000), 2025-03-04: "Adnoc and OMV have agreed on key commercial terms to combine their cross-owned polyolefins businesses into an equally owned, Vienna-headquartered company that will also acquire Canada-based Nova Chemicals for an enterprise value of $13.4 billion."
- [theobserver.ca](https://www.theobserver.ca/news/local-news/nova-chemicals-to-be-purchased-as-part-of-international-corporate-merger), 2025-03-04: "Nova Chemicals is set to have a new owner following Tuesday's announcement the company will be purchased as part of a corporate merger."
- [omv.com](https://www.omv.com/en/media/press-releases/2025/250314-omv-supervisory-board-approves-agreements-with-adnoc-on-combination-of-borealis-borouge-and-nova), 2025-03-14: "The Supervisory Board of OMV has just approved the conclusion of the agreements between OMV and ADNOC for the combination of Borealis, Borouge and NOVA Chemicals under Borouge Group International as new, jointly controlled joint venture company of OMV and ADNOC."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.